Feb 6th 2012 10:00AM
WASHINGTON -- President Barack Obama is rallying support for his plan to expand government assistance to homeowners, pressuring Congress to help lower lending rates for millions of strapped homeowners. Obama, in his radio and Internet address Saturday, urged the public to "get on the phone, send an email, tweet," and... Continue Reading »
Jan 5th 2012 1:30PM
Most of Washington's initiatives to staunch the flow of foreclosures glutting the housing market have been woefully inadequate. (We're looking at you, HAMP, HAFA and HARP). But a new idea put forth by Federal Reserve Chairman Ben Bernanke might actually make a dent in the bank-owned backlog: Allow renters to move into... Continue Reading »
Dec 9th 2011 7:49PM
In today's Scrooge-like lending market, many borrowers are under the impression that they simply don't have the balance sheets or resumes necessary to buy a home. But while it's true that banks now hold borrowers to much stricter income standards, many homeowners can still pull off a home purchase with a startlingly... Continue Reading »
Nov 16th 2011 10:49AM
WASHINGTON -- Congressional bargainers have agreed to increase the size of mortgages insured by the Federal Housing Administration in a compromise being hailed by the housing industry but criticized by conservatives. Under the deal by House and Senate negotiators, the FHA would be able to insure mortgages worth up to... Continue Reading »
Apr 27th 2011 7:33AM
Blame it on mortgage insurance rates. Mortgage applications dropped 5.6 percent from a week earlier as of April 22, reported the Mortgage Bankers Association. This coincided with a hike in FHA loan premiums -- over the past month, applications had risen as home buyers tried to beat the deadline. There also was no... Continue Reading »
